what type of lawyer makes the most amount of money

by Prof. Christina Wolf 3 min read

  1. Intellectual Property Lawyers. Topping the list of lawyers who earn the most are the Intellectual Property (IP) lawyers. ...
  2. Trial Lawyers. One of the highest paid lawyers in the law field, trial lawyers handle several functions as an attorney.
  3. Corporate Lawyers. Corporate lawyers work in private practices, law firms that provide services to corporations, or in-house legal departments or corporations, to ensure that the business is complying with ...
  4. Tax Lawyers. Tax lawyers work with private individuals and businesses to ensure their taxes are properly filed and any tax-related case they have is handled.
  5. Civil Rights Lawyers. A civil rights lawyer deals in cases that involve discrimination based on things people cannot control (race, age, disabilities, sexual orientation, gender), human rights, and equality.
  6. Criminal Defense Lawyers. Criminal defense lawyers get a bad rap because, as their job title goes, they defend the person charged with a crime in any crime-related case.
  7. Real Estate Lawyers. Real estate lawyers handle anything related to businesses dealing in residential, commercial, and office real estate.
  8. Family Lawyers. Contrary to what you might have seen in Marriage Story, family lawyers handle more than just divorce cases.

Some of the highest-paid lawyers are:
  • Medical Lawyers – Average $138,431. Medical lawyers make one of the highest median wages in the legal field. ...
  • Intellectual Property Attorneys – Average $128,913. ...
  • Trial Attorneys – Average $97,158. ...
  • Tax Attorneys – Average $101,204. ...
  • Corporate Lawyers – $116,361.
Dec 18, 2020

Who are the 10 highest paid lawyers in the USA?

Who Are The 10 Highest Paid Lawyers In The USA?

  1. Ana Quincoces - Net Worth: $8 Million. If you combine beauty with brains, the end result is Ana Quincoces. ...
  2. Vernon Jordan - Net Worth: $12 Million. Vernon Jordan kick started his career as a civil rights activist and he has devoted his life and career to bringing about ...
  3. Thomas Mesereau - Net Worth: $ 25 Million. ...

More items...

What is the average starting salary for a lawyer?

  • District of Columbia – $192,530
  • California – $171,550
  • New York – $167,110
  • Massachusetts – $165,610
  • Connecticut – $153,640
  • Illinois – $152,980
  • Texas – $150,250
  • Colorado – $147,560
  • Arizona – $145,750
  • Virginia – $139,180

More items...

What is the the gross monthly income for a lawyer?

As of Nov 22, 2021, the average annual pay for a Corporate Lawyer in the United States is $163,166 a year. Just in case you need a simple salary calculator, that works out to be approximately $78.45 an hour. This is the equivalent of $3,138/week or $13,597/month.

How much can a lawyer expect to get paid?

How Much Does a Lawyer Make? Lawyers made a median salary of $126,930 in 2020. The best-paid 25 percent made $189,520 that year, while the lowest-paid 25 percent made $84,450. The BLS projects ...

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How does a tax attorney help?

A tax attorney helps his client by taking over all tax-related tasks. He can also suggest his client make his taxes paid smoothly. It’s a very tough-rough job to earn the most money from law-field, of course, one’s capability can bring him with such the highest amount such as $100,000 in a year.

When do you need a corporate lawyer?

There is always a need for a corporate lawyer when a firm or a company must be handled with full regulation. Generally, a corporate lawyer acts to manage all projects, contracts, goods delivery & so on. In short, the whole nine yards of an industry.

What is personal injury lawyer?

People are supposed to be injured physically, which leads to an incurred loss to their health issues. Personal injury lawyers handle this kind of case. They cover up the reasons for the failures of their client’s perceptible object and how to recover the client’s properties so that the client gets his proper rights.

What is intellectual property lawyer?

Genuinely, an intellectual property lawyer handles, take-over the copyright, patent & trademark of companies or brands. They are supposed to help their client make the best goods that are different from others and what others can do & can’t do with their interests, which the company has been completed.

How much does a corporate lawyer make?

5. Corporate Lawyer – $98,822 annually. Corporate Layers make an average of $98,000 annually, but some of the more successful ones can make well into the triple digits in their salaries, while some make as low as $66,000. The average is $98,000 per year.

Why is there a high earning potential for intellectual property lawyers?

There is a high earning potential for intellectual property lawyers because there are times when the facts regarding intellectual property are hard to dissect and prove evidentially.

What is IP law?

IP is short for Intellectual Property. These are the second highest paid attorneys in most cases. There are three separate categories within intellectual property law that they must be well-versed in and aware of. These are patents, trademarks, and copyrights. There is a high earning potential for intellectual property lawyers because there are times when the facts regarding intellectual property are hard to dissect and prove evidentially. This type of layer typically deals with patents that protect inventors rights and prevent others from infringing on these rights by making similar products or inventions for the period of time that the patent is in force. The application process for a patent can be quite challenging, even for IP attorneys and their expertise on the matter is in high demand.

What is tax attorney?

This type of attorney represents an organization when they are dealing with government taxing agencies which include federal, state and local entities. Tax attorneys are responsible to their clients for the preparation of legal documents that involve liabilities and for developing plans that help in saving taxes.

What skills do you need to be a trial judge?

They must also possess impeccable verbal and writing skills as they spend a great deal of time divided among speaking and writing to others in matters that pertain to the trial. They must also maintain a sharp memory for remembering significant facts that may come in handy during a trial.

What is corporate lawyer?

A corporate lawyer provides clients with counsel on legal matters pertaining to a variety of different business transactions including the sale of businesses, acquisitions, and mergers.

What is the role of a trial attorney?

The trial attorney must have a strong and comprehensive knowledge of the law. They are also charged with the responsibility of staying abreast of current trends and changes to the law as they occur throughout the length of their careers.

What industries make the most money for lawyers?

Here’s the what the BLS says are the highest paying industries for lawyers: Scheduled Air Transportation, Industrial Machinery Manufacturing, Beer, Wine and Distilled Beverages, Semiconductors and Other Electronics.

Which state pays the most for lawyers?

Highest Paying Cities for Lawyers. Depending on where you practice law, you could also earn more money. According to the BLS, the following states offer the highest salaries: California, New York, Florida, and Texas.

Why do solo practitioners get a lower salary?

The reason why solo practitioners have a lower salary could be due to the fact they are responsible for all aspects of their legal services. If it is not in their budget to hire legal staff to reduce time spent on menial tasks such as administrative and financial related duties, it can limit their salary.

Is money a motivating factor in law school?

However, money is a motivating factor in any career. For recent graduates from law school with heavy debts, getting a good paying legal job is likely a top priority. Also, listening to an experienced lawyer with a six-figure salary might tell new associates not to worry about the money can be demotivating. Instead, let’s take a look ...

Can solo practitioners find new clients?

In addition, solo practitioners can be more successful at finding new clients if they have a website for their legal services and learn how to use online marketing. One thing to remember is that pursuing a career in law should not be for the money.

How much does a criminal defense lawyer make?

On average, a criminal defense lawyer will earn $80,000 a year, but can go as much as $174,000. 5. Civil Rights Lawyers. A civil rights lawyer deals in cases that involve discrimination based on things people cannot control (race, age, disabilities, sexual orientation, gender), human rights, and equality.

How do personal injury lawyers get paid?

This means that they can only get paid if their client wins the case and receives a settlement. The lawyer takes a percentage of this settlement (usually 1/3 of the total settlement).

What is corporate law?

Corporate lawyers work in private practices, law firms that provide services to corporations, or in-house legal departments or corporations, to ensure that the business is complying with laws and regulations. Every legal aspect a corporation needs (copyright, patenting an employee’s work, libel cases against the corporation, down to making sure advertising and marketing aren’t committing copyright infringement) lies in the hands of their corporate lawyers.

Why do tax lawyers work?

Tax lawyers work with private individuals and businesses to ensure their taxes are properly filed and any tax-related case they have is handled. Because taxes affect nearly everyone, tax lawyers have the option of working for a corporation or to have their own private practice to help multiple clients with their tax cases. Tax lawyers have a comprehensive and up-to-date knowledge on tax laws, so it’s no surprise that many tax lawyers also have accounting licenses. Their knowledge in tax law allows clients to know all their options when making financial and legal decisions.

What do real estate lawyers do?

Real estate lawyers handle anything related to businesses dealing in residential, commercial, and office real estate. They look at the contracts and make sure their client is getting a fair deal with no loopholes that can be exploited. They make sure the rental agreements are fair. They make sure the deeds are in place and that those planning to buy, rent, or sell property are getting whatever is entitled to them. And given that the median home price in the United States is $200,000, it means real estate lawyers handle large assets in terms of property.

What does it mean when a real estate lawyer handles large assets?

They make sure the deeds are in place and that those planning to buy, rent, or sell property are getting whatever is entitled to them. And given that the median home price in the United States is $200,000, it means real estate lawyers handle large assets in terms of property.

What is the legal aspect of a corporation?

Every legal aspect a corporation needs (copyright, patenting an employee’s work, libel cases against the corporation, down to making sure advertising and marketing aren’t committing copyright infringement) lies in the hands of their corporate lawyers.

What is the role of a tax lawyer?

The main role of tax lawyers is to advise corporations and high net worth individuals with respect to all areas of tax law on a day-to-day basis. The tax lawyers help in monitoring legislative departments and guide the clients on potential impact of pending legislation on their businesses and their personal finances. Total 1000s of notifications and circulars are provided by the tax and corporate sector every quarter. The amendment of tax laws is done every year and every court in India has non-identical point of view on the similar question of law. Tax law is one of the most dynamic field of law for adolescent lawyers to explore as apart from diversity and opportunities, and it also provides a handsome salary package. The starting remuneration package is around Rs. 5-7 lakh per annum at a good law firm.

What is corporate lawyer?

A Corporate lawyer is a lawyer who works in legal firm and who specializes in corporate law. The corporate lawyer looks into the commercial transactions of the firm/company gives advice to corporations regarding legal rights and duties and it also includes the duties and responsibilities of corporate officers. The Corporate lawyers should have a good knowledge and understanding of various laws such as the contract law, accounting securities law, competition law, insolvency and bankruptcy code, intellectual property law, labour laws, licensing etc.

What is the role of public interest lawyers?

Public interest lawyers perform numerous roles and tasks to promote access to justice. Some activities include providing community education, offering free legal services, undertaking law reform and policy work. They are involved in drafting legal processes, legislation and also they help in representing the individual clients who can’t afford the private lawyers. Generally public interest lawyers work for the government and non-profit organizations. Their salaries is between 4 lakhs to 8 lakhs per annum which is comparatively lower than others.

What is an intellectual property lawyer?

Intellectual property lawyer deals with trade, copyright and patent. This field of law provides endless opportunities. The spread of awareness regarding possession the IP Lawyers is very much required during this time. The main function of Intellectual property lawyers is to counsel their clients on establishing and protecting intellectual capital. Many IP law practices handle matters such as patents, copyright, licensing, trademark, distribution, and franchising and technology transfers. IP lawyers is another top-notch area of law which students can pursue post their law degree. The IP lawyers gets very good pay and their starting salary ranges between Rs. 50,000 toRs. 60,000 per month.Anand&Anand is a premier boutique Intellectual Property Law firm in India.

What is cyber law?

Cyber lawyers deals with the internet and technology relationship also the electronic elements such as computers, hardware and software and information technology. The top 5 popular cybercrimes are Phishing Scams, Identity Theft scams, Online Harassment, Cyber-stalking, Invasion of privacy. Nowadays, there have been numerous crimes related with internet and cyber so that’s why to eradicate these problems cyber lawyers are appointed. In a landmark judgment in the case of National Association of Software and Service Companies vs. Ajay Sood & Others, which was delivered in 5th March by the Delhi High Court declared ‘phishing’ on the internet is considered to be an illegal act, demanding an injunction and recovery of damages. As a fresher you will earn around 15,000 – 20,000 per year.

Who is the best lawyer in the world?

1. Jose Baez. He is the best attorney in the world, who got the media attention when he worked as a lead attorney in Casey Anthony’s murder case, which gained him international attention over night. He has fought in some of the most popular criminal cases which include Wilfredo Vazquez and Elvira Garcia.

How much is Benjamin worth?

He started off his career in a Law firm named Venable LLP, which is based in Washington DC. His net worth is currently estimated to be around $300,000. He has also served as US Deputy Attorney General and the 73rd Attorney General of the state. Currently he is 81 years old but still can help you win any case in a single hearing. He is amongst the oldest and most respected lawyers in the world.

Who is Willie the lawyer?

He has won significant cases against the corporations like Anheuser-Busch and Disneyland. He started off his career assisting Donal L Hollowel, which pushed him to start his practice individually. His net worth is estimated to be around $6,300,000 which he has earned from his multiple cases. He charges over a $100,000 for a single hearing.

How much do criminal defense lawyers make?

Often pictured on television programs, people think of these lawyers first when it comes to a career in the legal system. However, when it comes to types of lawyers that make the most money, they don’t top the list. They do, however, make an expected salary of $78,500.

How much do personal injury lawyers make?

In terms of the types of lawyers that make the most money, personal injury lawyers can expect a salary of $73,000.

What do real estate lawyers do?

Real estate lawyers focus mainly on property issues, environmental issues, and insurance issues. They tackle things from everyday transactions, to lease and rental agreements, to property inspections. If you’re a homeowner or a renter, you’ve dealt with a real estate lawyer, and they’ve made sure that where you live is safe for you and everyone else who lives there. Real estate lawyers are also charged with drafting up legal documents that concern the properties, such as rental agreements, deeds, and conveyance transactions. When it comes to the types of lawyers that make the most money, real estate agents near the top of the list with a salary of $118,000.

What do bankruptcy lawyers do?

They’ll try to find the most efficient ways to relieve debt and manage their clients costs, while also ensuring that they won’t fall in on themselves.

What is personal injury lawyer?

Personal injury lawyers are people that provide help to citizens who’ve been harmed by accidents that have occurred. These accidents involve things like car crashes, slip and fall incidents, and things that occur outside of the home on public or private property.

What is civil rights lawyer?

A person that focuses on cases that revolve around things like equality, social freedom, human rights, and discrimination are civil rights lawyers. Often, they handle the cases where citizens are put under scrutiny for things they cannot control—the color of their skin, perhaps, or their sexual orientation.

Why do lawyers work for corporations?

Corporate lawyers are people that work with corporations in order to ensure that the company is complying with standard laws and regulations. They’ll also work closely with an employee to make sure that the company is processing things correctly when it comes to collections, patents, contracts, and more.

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